# Europe will struggle to replenish its depleted gas storage sites to a targeted 80% filling level before the start of next winter, Equinor's head of finance says.

*business · news · 2026-05-06 · MarketScreener*

## Key points

- Equinor's CFO says Europe likely won't reach 80% gas storage before next winter.
- European gas storage is currently 30% full, six percentage points below seasonal norms.
- Middle East war has cut Qatari LNG capacity by 17%, possibly taking five years to repair.
- Expectations for a glut of LNG this decade have been revised downward since six months ago.
- Gas market vulnerability is expected to persist longer than oil due to prolonged LNG supply issues.

**Companies:** Equinor
**Countries:** Norway, Qatar

[Read the full story on MarketScreener](https://www.marketscreener.com/news/europe-is-unlikely-to-reach-80-pre-winter-gas-storage-target-equinor-says-ce7f58ddd18df52d)

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